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Statewide Energy Fund Names New Executive Director

Hackettstown, NJ — June 20, 2003 — New Jersey Statewide Heating Assistance and Referral for Energy Services (NJ SHARES) has named James M. Jacob of Hamilton Square as its new Executive Director.

Mr. Jacob joins NJ SHARES after serving 34 years at KeySpan Energy, a New York based utility company. Throughout his career, Mr. Jacob managed KeySpan's fuel fund, consumer protection and special needs programs. He has worked closely with the National Fuel Funds Network, National Low Income Energy Consortium, New York State Public Utility Law Project, local legal service providers, not-for-profit and community based organizations. Mr. Jacob has also served on New York State's Home Energy Assistance Program (HEAP) Block Grant Advisory Council.

Harold Garwin, President of the Board of Directors of NJ SHARES said, "The Board feels extremely lucky to be able to employ a veteran in the energy assistance fuel fund field. Mr Jacob has a wealth of knowledge and experience in both a practical basis and innovative ideas that will help New Jersey SHARES strengthen and become better in the future."

Mr. Jacob said, "As a resident of New Jersey, I am very excited about this opportunity to serve 'at risk' households throughout the state. My experience with fuel fund administration, public utilities, regulatory agencies, advocacy groups and special needs households provides me with a perspective and understanding of the crisis faced by individuals and families in coping with their energy burden."

Mr. Jacob succeeds Lawrence P. Savitsky, NJ SHARES' first executive director who guided the organization through its initial five years of existence. Mr. Savitsky resigned earlier this year for personal reasons.

New Jersey SHARES is a statewide, non-profit 501 (c) (3) organization which provides grants to pay the utility bills of households in need through a statewide network of 50 community-based social service agencies. Its Board of Directors include representatives of New Jersey's seven electric and gas utilities; Verizon; non-profit groups including The Salvation Army, Catholic Charities, AARP, Association for Children of New Jersey, Community Health Law Project and New Jersey Community Action Association; and several at-large members.

Last updated June 22, 2003

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